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New York Times, Financial Times, and Bloomberg Slammed for Trying to Get FTX Creditor Names Unsealed – Bitcoin News

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Amid ongoing FTX bankruptcy proceedings, court documents indicate that media companies such as Bloomberg, The New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want to disclose redacted information associated with FTX’s creditors. Media companies believe the public should be made aware of the creditors’ information, as the publications in the court filing asserted that “the news media act as the eyes and ears of the public.”

So-called “media meddlers” insist court must disclose FTX’s creditor information

Four major news publications have filed a document with the now-defunct Chapter 11 bankruptcy case associated with cryptocurrency exchange FTX. Essentially, the publications call themselves “media interlopers” and the intervenors “object the continued sealing and redaction of information that has historically been public in nature.” The four media outlets include the Financial Times (FT), The New York Times (NYT), Bloomberg, and Dow Jones & Company.

The New York Times, Financial Times, and Bloomberg were criticized for trying to reveal the names of FTX's creditors

The so-called “media meddlers” cite a specific rule allowing “any relevant entity” to intervene in a bankruptcy matter and “in connection with any specified matter”. The publication also says that courts have “routinely recognized the media’s right” to “interfere” or “challenge seal orders.” Deposit adds:

The news media act as the eyes and ears of the public, informing the public about the issues of the day. This valuable social function is hampered by the sealing of judicial records.

Despite the debtor’s objections to keeping the list of clients in the strictest confidence, and the reasoning that publishing the list of debtors’ clients could cause harm to clients, “media interventionists” call these arguments “vague statements” that “do not appear to ‘fulfill the burden of proof’”. Bloomberg, the Financial Times, The New York Times, and the Dow media companies all agree that “revising creditor names is inappropriate.” The court filing continues:

While redaction of contact information can be justified in some circumstances to prevent identity theft and harassment, releasing creditors’ names does not put creditors at risk of identity theft nor at personal risk. Nor does it create undue risk of unlawful injury.

In addition, the Celsius bankruptcy case by media companies has been highlighted in the court filing. In that specific case, the bankruptcy court published 14,000 pages of customer usernames and trading history. After the Court did this to Celsius users, it caused a great deal of public outcry. This Celsius dox is one of [most] Blatant Violations of Privacy in the Encryption Record”, one individual Wrote in time. The news also comes on the heels of public denunciation of mainstream media publications on several occasions of people having sex with people.

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From Dorian Nakamoto to the Libs of Tiktok, Media Doxxing Transcends Internet Culture and Becomes the Industry’s Tool of Choice

Recently, Washington Post reporter Taylor Lorenz was, too Criticize in mid-April due to reports that the creator, Libs of Tiktok, was alienated. Four years ahead of publications by mainstream media such as the New York Times He said that doxxing has become “a major tool in the culture wars.” The report notes that “identifying extremist activists and exposing their personal information has become a kind of sport on the Internet.”

Years later, the foundation’s media was accused of profiting from doxxing and using the controversial tool for clicks, publicity, and fame. When Newsweek columnist Leah McGrath Goodman published a report in March 2014, the reporter was Criticize In order to doxxing dorian nakamoto ca address. Turns out, Dorian wasn’t Satoshi Nakamoto and said the reporter treated him unfairly.

As far as the FTX bankruptcy issue is concerned, Redditors from the r/cryptocurrency forum Criticize Bloomberg, FT, NYT and Dow media companies for trying to deal with clients connected to the crashing stock exchange. In the forum discussion, Redditors also talked about how to use the Number of publications Like the New York Times Spread the puff pieces On FTX co-founder Sam Bankman-Fried.

“I didn’t expect anything better from the media. It’s all about the money for them and 0% about the truth,” one individual said. Wrote. “Unfortunately, many still trust them.” another person added:

Mainstream media are highly paid actors.

Despite the recent public outcry against Celsius dox, the so-called “media meddlers” do not mention this part of the story, even though it was quite clear that the public was not pleased with the bankruptcy court’s decision.

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“Refining the names of the creditors will have far-reaching impact as the case progresses,” the media post said in the FTX bankruptcy court filing. “This court has routinely authorized debtors in other Chapter 11 cases to provide classified information under seal,” the lawsuit concluded.

tags in this story
bankruptcy courtAnd the bankruptcy mattersAnd the bloombergAnd the CelsiusAnd the Celcius DuxAnd the Court caseAnd the crypto exchangeAnd the Dorian Nakamoto DukesAnd the Dow Jones & CompanyAnd the Foundation mediaAnd the financial timesAnd the FTAnd the FTX mediaAnd the Lips from tiktokAnd the mainstream mediaAnd the The mediaAnd the Media InterventionistsAnd the msmAnd the The New York TimesAnd the Puff cutAnd the revisionAnd the Sam Bankman FriedAnd the sbfAnd the StampAnd the Taylor LorenzAnd the New York timesAnd the Not returnedAnd the non-disintegrationAnd the Open the sealAnd the Washington Post

What do you think of Bloomberg, FT, NYT and Dow media companies trying to remove FTX’s creditors list without modification? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the Chief News Officer at Bitcoin.com News and a financial and technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.

Image credits: shutterstock, pixabay, wikicommons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com It does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


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New research suggests that baby boomers make better crypto investors

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As a millennial, this is hard to say, but baby boomers do the coding better. They’re taking research methods used in traditional markets and applying them to crypto projects, according to a new report from Bybit and consumer research firm Toluna.

The report says that 34% of Boomers spend “a few days” doing due diligence on a project before investing – 50% more than other generations. Even more troubling, “64% of North American investors spend less than two hours or not at all on DYOR.”

Boomers are also likely to focus their research on technical factors such as tokens, revenue, and the competitive landscape. Contrast this with their younger compatriots, who are more likely to appreciate reputation items like a charismatic founder and “website aesthetics.”

This goes to show that being a digital and hands-on native is not as much of an advantage as people think. It actually pales in comparison to some of the Warren Buffet-style skills that older investors have honed over the years.

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Related: 5 tips for investing during a global recession

Baby boomers are probably more likely to retire and therefore have more free time than younger generations. It’s hard to say, but it seems the best way forward for young people is to be humble and learn from their elders.

Although crypto has many distinct characteristics that set it apart from other capital markets, it still has enough in common to allow for a decent crossover in analytical skills. After all, the price of digital assets is highly dependent on the balance of supply and demand in the market, just like the traditional markets.

Digging in Technologies This can prevent the kind of bad decision making that led to big losses in 2022. Several times I felt good about buying a token based on the project white paper and the solid narrative that drove it, but I found, upon further research, that there is a lot of capital involved. The investment unleashes imports so that selling pressure will influence prices for years to come.

Newborns who are used to analyzing company numbers and calculating price-to-earnings and price-earnings-to-growth ratios can apply these skills to data from CoinGecko or CoinMarketCap. Young generations need to know why “circulating supply” vs. “maximum supply” important and why size is critical.

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In fact, cryptocurrency projects that are similar to traditional value investments have held up relatively well in the bear market. Investors are becoming more aware of the difference between protocols that issue tokens as a glorious way to raise funds and those that generate revenue and share it with their holders. So-called “real-yield” crypto projects are not unlike dividend-paying companies — something boom investors may be familiar with and possibly drive some of their investment decisions.

This is not to ignore the importance of narrative and community in modern investing and cryptocurrency in particular. For example, perennial decentralized trading platforms such as GMX, Gains, and ApeX Pro benefited from the pro-decentralization sentiment after the FTX bankruptcy.

Researching this aspect requires a good knowledge of social media, especially Twitter, which is one of the main ways to reach crypto analysts, founders, and downstreamers. Investors use these tools to find the narrative, assess where the narrative is in its life cycle, and gauge overall market sentiment.

Related: Five reasons why 2023 will be a tough year for global markets

But Millennials and Generation Z don’t really have an edge when it comes to using social media to assess trends because it’s not that new anymore. it’s a Web 2Everyone already knows how to use social media. In fact, young adults are turning their familiarity with social media into a disadvantage by overestimating it as a research tool, while baby boomers are more likely to stick to the facts.

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Traditional investing due diligence continues to distinguish men from boys, just as it has throughout history. As long as that happens, baby boomers will outpace the younger generations because they do more research and tend to be more patient when it comes to investing, resulting in higher returns than the younger generations, who may jump into investing without fully understanding what they are getting into. If you are looking for someone who is reliable and knowledgeable about due diligence, look no further than your parents or grandparents.

Nathan Thompson He is the lead technical writer at Bybit. He spent 10 years as a freelance journalist, covering mostly Southeast Asia, before turning to cryptocurrency during the COVID-19 lockdowns. He holds a Joint Honors degree in Communication and Philosophy from Cardiff University.

This article is for general information purposes and is not intended and should not be considered legal or investment advice. The views, ideas and opinions expressed herein are those of the author alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Bitcoin investor sentiment remains steady with BTC stalling at $16,000

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Bitcoin investor sentiment is deadlocked amid price faltering in the market. While the digital asset continues to hold the $16,000 level, investors retreat from the market, ensuring that there is no big move either up or down, and as a result, investor sentiment has not moved.

Bitcoin investors are still in fear

the Encryption of fear and greed It shows that Bitcoin investor sentiment has not moved much in the past month. He finished November with a score of 29 which put him right in the fright zone but since then he has been unable to break out of that trend.

The score in this indicator over the course of December ranged between 26-30 mostly, maintaining an almost straight line trend over the period. So far, the Fear and Greed Index is at a score of 28 which is up one point from last week’s close of 27.

Bitcoin Fear & Greed indicator

Fear & Greed Index trends in an almost straight line | Source: alternative.me

What this trend in the Fear and Greed Index shows is that bitcoin investors are not willing to take any risk. This is why the indicator could not move into the greed zone. On the flip side, selling sentiment has not been as strong as one would expect during a time like this. If investors were to sell more of their bitcoins, it would be obvious given that the index would slide further. Instead, it continues to maintain a roughly consistent point level, which means that the hold sentiment is now dominating the market.

Will BTC See A Recovery Soon?

Bitcoin is still finding it difficult to regain the momentum it lost over the past month. This reluctance on the part of investors to do anything with the tokens has led to the price of the digital asset following the same path as sentiment. BTC has now refused to break out from the $16,000 price level.

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Bitcoin price chart from TradingView.com

BTC price maintains $16,000 level | Source: BTCUSD on TradingView.com

As a result, Bitcoin’s volatility dropped to all-time lows. So it is likely that the last two days of 2022 will follow the same trend. A recovery should not be expected in any way as the momentum will continue to decline as people take a break from the markets to celebrate with family.

Instead, it is important that BTC holds above $16,000 to close the year. Anything below this level would be very bearish and could lead to more declines in the market as the bears take control. But finishing above $16,000 strengthens investors’ resolve to hold on to their coins.

BTC is trading at $16,519 at the time of writing. Its price has decreased by 0.43% in the last 24 hours and 2.01% in the last 7 days.

Featured image by Finbold, chart from TradingView.com


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Valkyrie proposes to run GBTC – Bitcoin’s grayscale magazine

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Valkyrie Investments has submitted a proposal to take over the troubled GBTC Bitcoin trust.

“We understand that Grayscale has played an important role in the development and growth of the Bitcoin ecosystem with the launch of GBTC, and we respect the team and the work they put in,” said Stephen McClurg, Valkyrie co-founder and CIO. In a statement posted on the company’s website. “However, in light of recent events involving Grayscale and its family of companies, it is time for a change. Valkyrie is the best GBTC management firm to ensure that its investors are treated fairly.”

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